Wonderful opportunity to remodel or rebuild this lovely traditional Balboa Island home located one house from South Bay Front! Oversized 40 x 85 lot enjoys bayfront views ample parking spaces. The home boasts over 2,750 square feet and includes a formal dining and living room, charming kitchen, and large family room with built-in bookshelves and sunken wet bar. French doors from the family room and living room open to a large private patio with brick pavers and a retractable shade cover. The five upstairs bedrooms include a large master suite with a fireplace and bay views, two bedrooms connect to a shared a bath, and two additional bedrooms share a hall bath. There is also a second full kitchen upstairs. The back area could potentially be closed off as a mother-in-law or guest unit since there is a private entrance at the back of the home. Close to Marine Avenue shops and restaurants. This is Balboa Island living at its best - Welcome home to 107 Coral Avenue!